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Cryptocurrency Trading Volume Decreases as Investors Hold Onto Altcoins
Recently, the cryptocurrency trading volume has experienced a 12% decrease, totaling $24.28 billion. This suggests that investors are choosing to hold onto their altcoins despite the market dip, with hopes that their value will surge in the near future. Consequently, many individuals have turned to analyst projections to determine which altcoins are worth keeping. Among the top contenders are Quant (QNT), Aave (AAVE), and Watchvestor (WVTR).
Quant (QNT): Projected to Reach $128.54
Quant (QNT), as a project, aims to establish universal interoperability between blockchains. This is made possible through the implementation of the Overledger operating system. Throughout the past year, the Quant cryptocurrency has predominantly hovered around the $100 price range, occasionally dipping to $90 and surpassing $110.
With a market cap of $1,449,717,443 and a 24-hour trading volume of $10,393,049, Quant ranks as the 34th largest cryptocurrency. Despite minor fluctuations, the Quant price has only experienced a 6.2% movement in the past year, indicating a level of stability. According to Quant price predictions, it is expected to reach $128.54 by the end of this year.
Aave (AAVE): Predicted to Reach $84.15
Aave (AAVE) is a decentralized, open-source money market protocol that operates as a non-custodial platform. With a market cap of $797,040,855 and a 24-hour trading volume of $62,828,107, Aave has established itself as a prominent cryptocurrency.
Over the past year, Aave has experienced a notable 34.5% increase in value, with its price staying within the $50 to $60 range. To unlock its full potential, analysts believe that Aave needs to break past the $70 barrier. Based on Aave price predictions, it is anticipated that the cryptocurrency will reach $84.15 by the end of this year.
Watchvestor (WVTR): Expected Spike to $0.35
Watchvestor (WVTR) is currently developing the world’s first blockchain-powered luxury watches marketplace. This platform will allow individuals from around the world to trade and invest in rare and collectible watches from renowned brands such as Rolex, Patek Phillippe, Richard Mille, and Audemars Piguet, with a starting price as low as $10.
This revolutionary marketplace leverages the use of non-fungible tokens (NFTs) to mint and fractionalize each watch. This enables potential buyers to acquire fractions of a watch according to their preferred investment amount, rather than having to purchase an entire watch at a high price point.
Furthermore, once an investor fully owns an NFT, they have the option to have the physical watch delivered to one of the 150 supported countries through a dedicated shipping service. Additionally, they can leverage their NFTs to instantly borrow funds at competitive interest rates.
Watchvestor (WVTR) serves as the governance and staking token for this project. During the early presale period, it is currently trading at $0.03. However, industry analysts project that its value will surge to $0.35 upon launch.
For more information about the Watchvestor (WVTR) presale, please visit their official website or join their Telegram community.